If having firm-driven renegotiations of contracts for infrastructure services is a major concern, efficiency should not be the only consideration in selecting an operator, indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of...

As developing countries build up their capacity to regulate privatized infrastructure monopolies, cost models are likely to prove increasingly important in determining the efficient cost of providing a service to a certain area or type of customer. But cost models require reliable information,...